hawaii TRUSTEE DUTIES.
HAWAII TRUSTEE'S FIDUCIARY DUTY TO TRUST AND BENEFICIARIES
The general duty of the trustee is to administer a trust expeditiously for the benefit of the beneficiaries. The trustee’s standard of care is that of a prudent person dealing with the property. If the trustee has special skills or expertise, the trustee is under a duty to use those skills. A trustee also has fiduciary duty to the trust and beneficiaries of the trust.
HAWAII TRUSTEE DUTY TO KEEP BENEFICIARIES INFORMED
The trustee must keep the beneficiaries of the trust reasonably informed of the trust and its administration.
(1) Within thirty days after the trustee's acceptance of the trust, the trustee shall inform in writing the persons currently entitled to benefits from the trust, and if possible, one or more persons who under section 560:1-403 may represent beneficiaries with future interests, of the court in which the trust is registered and of the trustee's name and address.
(2) Upon reasonable request, the trustee shall provide the beneficiary with a copy of the terms of the trust which describe or affect the beneficiary's interest and with information about the assets of the trust and the particulars relating to the administration.
(3) Upon reasonable request, a beneficiary is entitled to a statement of the accounts of the trust annually and on termination of the trust or change of the trustee.
HAWAII REVOCABLE LIVING TRUSTS
The trustee of a revocable inter vivos trust, however, is not required to register the trust, reveal the terms to beneficiaries, or account to beneficiaries during the life of the settlor (unless directed to by the settlor).